The Chinese economy has huge potential and flexibility.

Many people in the world believe that in the 21st century, the Asia-Pacific - Asia in particular - will play a more important role in global economy and politics and that Asia will become an important engine for the world economy.

Openness has been vital to Asia's fast growth in the past and it will continue to be crucial for the area's further development.

There are many countries in the world that when they reached the middle-income stage, they witnessed serious structural problems such as growth stagnation, a widening wealth gap and increasing social unrest.

I was a student at Peking University for close to a decade, while a so-called 'knowledge explosion' was rapidly expanding. I was searching for not just knowledge, but also to mold a temperament, to cultivate a scholarly outlook.

The market is the creator of social wealth and the wellspring of self-sustaining economic development.

Changes call for innovation, and innovation leads to progress.